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Austria.
Dynamic Business Location.

Austria: second highest investment increase in the EU

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Ten years ago, investments accounted for 22.9 percent of GDP in Austria, rising to 23.5 percent in 2017. Only the Czech Republic (25.2 percent), Sweden (24.9 percent) and Estonia (23.7 percent) had a higher investment ratio. In 2007, Austria was only ranked 20th in the EU.

Only Sweden (from 23.9 to 24.9 percent of GDP) recorded a higher increase over the past decade than Austria, according to figures compiled by the Eurostat, the statistical office of the EU. Germany ranks third (with investments rising from 20.1 percent to 20.3 percent of GDP), followed by Belgium (23.2 to 23.3 percent). These four countries were the only ones showing a rise in their investment to GDP ratio. All other EU countries registered decreases in this area, in some cases reporting a substantial drop in investment activity.

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Vienna’s unique location at the heart of Europe makes it an important centre and very popular with the global pharmaceutical and biotechnology industry. Vienna is where Eastern Europe meets Western Europe. Businesses located at this international hub benefit from well-established infrastructures and highly-qualified professionals. The significant growth in the Life Sciences sector in Vienna over the last few years is an indicator of the momentum in the industry.

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